Shareholder Advocate Spring 2018

More documents

Info

RECENT HIGHLIGHTS IN THE NEWS n “Securities Settlements in 2018 Exceed Value for All of 2017,” Law360 – April 12, 2018 n “Mylan Must Face Many of Investors’ EpiPen Fraud Claims,” Law360 – March 29, 2018 n “After Steve Wynn Sexual Harassment Scandal, NYC Pension Funds Join Lawsuit Against Wynn Resorts’ Board of Directors,” New York City Comptroller – March 26, 2018 n “New York High-Speed Firm Tower Must Face Korean ‘Spoofing’ Claims: U.S. Court,” Reuters – March 29, 2018 n “Endo, Others Ink $166M Lidoderm Pay-For-Delay Settlements,” Law360 – March 21, 2018 n “Class Action Targets Alleged Manipulation of Wall Street’s ‘Fear Index,’” The National Law Journal – March 13, 2018 n “Court: Army Corps Liable for Years of Missouri River Flooding,” Politico – March 13, 2018 n “She Wrote Hollywood’s ‘Inclusion Rider.’ But She Fights for Women at Walmart, Chicken Plants and Hospitals, Too.” The Washington Post – March 8, 2018 n “Beirut Barracks Bombing Victims and Their Families Are Awarded $920M Judgment Against Iran,” ABA Journal – March 2, 2018 n “Brazilian Petrochemical Braskem to Settle Lawsuit for $10 Million” Reuters – February 21, 2018 n “Indiana Gears up for Opioid Litigation by Hiring Cohen Milstein,” Reuters – February 15, 2018 n “Federal Judge Appoints Leadership in Equifax MDL,” The National Law Journal – February 12, 2018 n “Opus Bank Cuts $17M Deal to End Suit Over Risky Loans” Law360 – January 30, 2018 n “BarBri Settles Case Over Blind Access to Bar Review Site,” Bloomberg BNA – January 24, 2018 n “Ascension Health Gets OK for $29.5M Deal to End ERISA Suit,” Law360 – January 16, 2018 n “Legal Heavy Hitters Line Up Behind ‘Time’s Up’ Launch,” The American Lawyer – January 3, 2018 n “Drywall Makers Agree to Pay $125M to Settle Antitrust Claims,” The Legal Intelligencer – January 2, 2018 AWARDS & ACCOLADES n Cohen Milstein Ranked No. 3 for Investor Recoveries in the ISS Securities Class Action Services Top 50 of 2017 – April 5, 2018 n Seven Cohen Milstein Partners, including Julie Reiser and Steve Toll of the Securities Litigation & Investor Protection practice group, recognized among the 2018 Lawdragon 500 Leading Lawyers in America – March 21, 2018 n Cohen Milstein’s Daniel S. Sommers elected to chair the Markets Advisory Council of the Council of Institutional Investors – March 12, 2018 n Cohen Milstein’s Theodore J. Leopold Named to The National Law Journal’s 2018 Energy and Environmental Trailblazers List – March 1, 2018 n Cohen Milstein Named a Law360 Privacy Practice Group of the Year – January 26, 2018 UPCOMING EVENTS n April 15-17 | Building and Construction Trades Department Legislative Conference, Washington, DC – Art Coia and Chris Lometti n April 15-18 | Texas Association Public Employee Retirement Systems Annual Conference, South Padre Island, TX – John Dominguez and Richard Lorant n May 13-16 | National Conference on Public Employee Retirement Systems Annual Conference and Exhibition, New York City – Suzanne Dugan (Speaker), Richard Lorant, Laura Posner and Christina Saler n May 15-18 | California State Association of County Retirement Systems, Anaheim, CA –Richard Lorant and Christina Saler n May 19-22 | Michigan Association of Public Employee Retirement Systems Spring Conference, Mt. Pleasant, MI – Richard Lorant n June 3-6 | Massachusetts Association of Contributory Retirement Systems Spring Conference, Hyannis, MA – David Maser and Christina Saler n June 5 | Webinar – Fiduciary Litigation: Risks and Challenges for Defined Contribution Plan Administrators, Selecting Plan Investments, Monitoring Fees, Breach of Duty Claims, Recent Court Decisions on New DOL Fiduciary Rule – Julie Reiser (Panelist) n June 26-29 | National Association of Public Pension Attorneys Legal Education Conference, Savannah, GA – Luke Bierman, Suzanne Dugan (Panelist), Carol Gilden and Julie Reiser (Panelist) n June 25-27 | Missouri Association of Public Employee Retirement Systems Annual Conference, Osage Beach, MO – Richard Lorant 12 I COHENMILSTEIN.COM
ATTORNEY PROFILE Steven J. Toll joined Cohen Milstein in 1979 when there were only four attorneys. As managing partner since 1997, he now guides a firm of nearly 100 attorneys in seven cities around the country. Steve has been called a “titan” of the securities class action bar, Law360 recently named him the 2017 “Class Action MVP,” and Lawdragon included Steve in its 2018 list of the 500 Leading Lawyers in America. He is wellrespected by the bench and his peers for his integrity and expertise. To inaugurate a regular feature highlighting the personal side of the firm’s professionals, Steve talked with Shareholder Advocate Editor Christina Saler about growing up on Long Island, what led him to become a lawyer and his healthy obsession with basketball. I grew up in … New Hyde Park, a town on New York’s Long Island. Most people are more familiar with neighboring towns Roslyn and Great Neck. STEVEN J. TOLL MANAGING PARTNER 202.408.4600 stoll@cohenmilstein.com V-CARD As plaintiff class action lawyers, we’re able to fight corporate corruption, misconduct and greed on behalf of individuals and smaller business owners, plus pension funds who invest money for the benefit of millions of their employees. It’s satisfying to know that we’re going after bad actors who are trying to take advantage of consumers, investors, employees and other ” businesses. I first knew I wanted to be a lawyer when … I was in my junior year at Penn’s Wharton School of Business. I took a constitutional law class which piqued my intellectual interest far more than the accounting classes I was taking for my major. So, I applied to law schools and decided on Georgetown University, which brought me to Washington DC. Other than for a four-year period in Seattle, I’ve been in DC since 1972. For me, the most challenging part of my job is … ensuring that as the firm grows we maintain our wonderful culture – we, both lawyers and our terrific supporting staff, feel like we’re part of one big family. We operate in a relatively informal manner and value our colleagues, paying attention to providing what they need to develop and succeed. Since 2009 we have more than doubled in size, adding over 50 attorneys. We’re now I believe the second largest plaintiff’s class action firm in the country with 96 attorneys, and we’re certainly the most diversified with 13 different practice areas. Given our size and scope, it takes a lot of energy to make sure that there is clear communication among the attorneys in our different offices so that we are a cohesive team playing off each other’s strengths to best serve our clients. When young lawyers join the firm, I tell them … that we want them to enjoy their work. As plaintiff class action lawyers, we’re able to fight corporate corruption, misconduct and greed on behalf of individuals and smaller business owners, plus pension funds who invest money for the benefit of millions of their employees. It’s satisfying to know that we’re going after bad actors who are trying to take advantage of consumers, investors, employees and other businesses. I also let our lawyers know that, while the work is demanding and meaningful, it is just as important that they have a full life outside the office. When not working, my favorite thing to do is … watch basketball. In fact, I’ve got to admit I’m pretty fanatical about the sport. I played in high school and college and most of my adult life. I only recently retired from my weekend league after my second Achilles heel surgery, and I miss playing. One of my good friends is a former NBA player, and we try to catch as many Washington Wizards games as we can. My wife, who had zero interest in basketball when we met, has now become a devoted Washington Wizards fan. My son went to Michigan and my daughter went to Wisconsin, so I follow those teams, too. Michigan made it to the Final Four in 2013. My son had graduated in 2011, but the Michigan alumni base is incredible across the country, so they mobilized for the tournament. I met him and his friends from multiple cities in Atlanta for the Final Four. Although Michigan lost to Louisville in the Championship game, we had a fantastic and unforgettable time that weekend. COHENMILSTEIN.COM I 13
Page 1 and 2: Spring 2O18 When SEC Commissioner M
Page 3 and 4: [N]ow - when SEC enforcement is ham
Page 5 and 6: RECENT BRIEFS SECOND CIRCUIT ISSUES
Page 7 and 8: RECENT BRIEFS PLACING LIMITS ON DUA
Page 9 and 10: RECENT BRIEFS SUPREME COURT GRAPPLE
Page 11: THE CONTINUING RELEVANCE OF FIDUCIA

Shareholder Advocate Spring 2018

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?